At this stage the recommendations form a report only to Government, with the Government yet to respond. The federal minister for superannuation, Chris Bowen, has indicated the response will take between six and eight weeks. But this was before a federal election was called for August 21, which will undoubtedly delay the government’s response. Nevertheless, a lengthy consultation between government and the industry is likely once this contest has been fought.
Investments
Global equities have driven most of MLC’s FY26 return so far, but its exposures to insurance-linked securities and “esoteric” credit have also put in the hard yards and helped the fund diversify beyond the AI thematic, according to chief investment officer Dan Farmer.
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